Can I retire at age 30 with 660,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$54,502$54,017$53,543$53,081$52,629$51,129
2 years$26,981$26,479$25,992$25,520$25,062$23,562
3 years$17,809$17,304$16,818$16,351$15,900$14,448
4 years$13,224$12,720$12,239$11,780$11,340$9,946
5 years$10,473$9,973$9,498$9,048$8,621$7,289
6 years$8,640$8,144$7,676$7,236$6,821$5,553
7 years$7,331$6,839$6,379$5,949$5,547$4,343
8 years$6,350$5,862$5,410$4,990$4,602$3,461
9 years$5,587$5,104$4,659$4,251$3,876$2,796
10 years$4,977$4,499$4,062$3,664$3,302$2,283
11 years$4,479$4,005$3,576$3,189$2,840$1,880
12 years$4,064$3,595$3,174$2,797$2,461$1,558
13 years$3,713$3,249$2,836$2,469$2,146$1,298
14 years$3,412$2,953$2,548$2,192$1,881$1,085
15 years$3,152$2,698$2,300$1,955$1,656$911
16 years$2,924$2,475$2,086$1,750$1,464$767
17 years$2,723$2,279$1,898$1,573$1,298$647
18 years$2,545$2,106$1,732$1,417$1,154$547
19 years$2,386$1,952$1,586$1,281$1,029$464
20 years$2,243$1,814$1,456$1,160$919$393
21 years$2,114$1,690$1,339$1,053$822$334
22 years$1,996$1,577$1,234$957$737$284
23 years$1,889$1,475$1,139$872$662$241
24 years$1,792$1,382$1,054$795$595$205
25 years$1,702$1,297$976$726$535$175
26 years$1,619$1,219$905$664$482$149
27 years$1,542$1,147$840$608$435$127
28 years$1,471$1,081$781$557$392$108
29 years$1,405$1,020$727$511$354$93
30 years$1,343$963$677$469$320$79
31 years$1,286$910$631$430$289$67
32 years$1,232$861$589$395$262$58
33 years$1,182$816$550$364$237$49
34 years$1,135$773$514$335$214$42
35 years$1,090$733$480$308$194$36
36 years$1,048$696$449$284$176$31
37 years$1,009$661$421$261$159$26
38 years$971$628$394$241$145$22
39 years$936$597$369$222$131$19
40 years$902$568$346$205$119$16
41 years$871$541$324$189$108$14
42 years$840$515$304$174$98$12
43 years$812$491$286$161$89$10
44 years$784$468$268$149$81$9
45 years$758$446$252$137$73$7
46 years$733$426$236$127$66$6
47 years$710$406$222$117$60$5
48 years$687$388$209$108$55$5
49 years$665$370$196$100$50$4
50 years$644$354$184$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $660,000, adding $3,836 every year, while hoping to spend $29,761 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 65/30/5 Blend
29$660,000$660,000$660,000$660,000
30$731,277$696,297$686,067$778,064
31$774,202$698,750$677,385$812,079
32$820,507$700,326$667,414$845,311
33$870,507$700,950$656,081$880,822
34$924,546$700,543$643,306$918,829
35$983,002$699,022$629,009$959,574
36$1,046,291$696,297$613,104$1,003,322
37$1,114,871$692,274$595,501$1,050,366
38$1,189,244$686,852$576,107$1,101,031
39$1,269,964$679,925$554,824$1,155,674
40$1,357,640$671,381$531,550$1,214,690
41$1,452,939$661,099$506,177$1,278,515
42$1,556,600$648,953$478,594$1,347,631
43$1,669,430$634,809$448,684$1,422,571
44$1,792,322$618,524$416,325$1,503,921
45$1,926,256$599,949$381,390$1,592,331
46$2,072,312$578,924$343,744$1,688,516
47$2,231,677$555,281$303,248$1,793,267
48$2,405,658$528,840$259,758$1,907,458
49$2,595,697$499,415$213,121$2,032,051
50$2,803,375$466,804$163,178$2,168,112
51$3,030,439$430,797$109,764$2,316,815
52$3,278,809$391,170$52,706$2,479,457
53$3,550,599$347,690$0$2,657,469
54$3,848,139$300,105$0$2,852,868
55$4,173,991$248,152$0$3,069,990
56$4,530,982$191,555$0$3,307,956
57$4,922,219$130,018$0$3,568,901
58$5,351,128$63,232$0$3,855,180
59$5,821,482$0$0$4,169,393
60$6,337,435$0$0$4,517,422
61$6,903,563$0$0$4,922,244
62$7,524,907$0$0$5,366,595
63$8,207,019$0$0$5,854,452
64$8,956,016$0$0$6,390,195
65$9,778,635$0$0$6,978,649
66$10,682,297$0$0$7,625,130
67$11,675,180$0$0$8,335,494
68$12,766,290$0$0$9,116,192
69$13,965,551$0$0$9,974,332
70$15,283,896$0$0$10,917,742
71$16,733,368$0$0$11,955,051
72$18,327,238$0$0$13,095,761
73$20,080,125$0$0$14,350,345
74$22,008,137$0$0$15,730,339
75$24,129,021$0$0$17,248,454
76$26,462,331$0$0$18,918,696
77$29,029,611$0$0$20,756,497
78$31,854,599$0$0$22,778,857
79$34,963,452$0$0$25,004,513
80$38,384,988$0$0$27,454,105
81$42,150,960$0$0$30,150,378
82$46,296,360$0$0$33,118,393
83$50,859,739$0$0$36,385,765
84$55,883,579$0$0$39,982,922
85$61,414,689$0$0$43,943,392
86$67,504,649$0$0$48,304,120
87$74,210,293$0$0$53,105,815
88$81,594,248$0$0$58,393,335
89$89,725,523$0$0$64,216,109
90$98,680,161$0$0$70,628,607
91$108,541,955$0$0$77,690,846
92$119,403,239$0$0$85,468,965
93$131,365,760$0$0$94,035,841
94$144,541,634$0$0$103,471,784
95$159,054,409$0$0$113,865,289
96$175,040,228$0$0$125,313,871
97$192,649,112$0$0$137,924,990
98$212,046,377$0$0$151,817,060
99$233,414,196$0$0$167,120,568
100$256,953,313$0$0$183,979,306